Bitcoin hitting 7.25 price and crushing to 7.00 in 1 min

[vssa]

https://vimeo.com/45530225
The technical traders are in total control if they want ...

[evoorhees]

Who wouldn't want to be in total control, if they were able? The technical traders have no special privilege - they may suffer or benefit from volatility like anyone else. 

[cypherdoc]

we have made the first crack in the dam with $7.25, just over $7.22.  its going to split wide open with time.

[vssa]

Anyone else that have 40000 BTC to make a hit.

[opticbit]

I'm just in for the ride.

[mccorvic]

Don't worry, the price of USD will crash to less than 0.13BTC soon enough.

[minimalB]

Please, someone tell me what is the name of the software that is used in the video? Thanks.

[adamstgBit]

Please, someone tell me what is the name of the software that is used in the video? Thanks.

what video?

[Raoul Duke]

Please, someone tell me what is the name of the software that is used in the video? Thanks.

http://bitcoin.clarkmoody.com/

[vssa]

Please, someone tell me what is the name of the software that is used in the video? Thanks.

Camtasia Studio

[smoothie]

25 cent move 10 months ago was huge. Today it would be the equivalent of moving about $4.20.

Price swings are getting bigger. Next move up will have the spread be $2 to $4 at a minimum.

[smoothie]

25 cent move 10 months ago was huge. Today it would be the equivalent of moving about $4.20.

Price swings are getting bigger. Next move up will have the spread be $2 to $4 at a minimum.

meh. it was only 3.5%, doesn't sound "huge" to me (definitely not for bitcoin at least)

the point was that the % scales with the increase in price.

[Pruden]

the point was that the % scales with the increase in price.

A friend of mine ran through the numbers and reached the same conclusion. He explained it as the typical instability of systems as they become more complex.